On Nov. 12, 2024, the Consumer Financial Protection Bureau (CFPB) released a report examining federal and state privacy protections for consumers’ financial data. In the report, the CFPB “critiques” the privacy protections available under the Gramm-Leach-Bliley Act (GLBA) and the Fair Credit Reporting Act (FCRA), asserting that the federal framework has “limitations.” The CFPB then
On Oct. 22, 2024, the CFPB issued a final rule that will require covered financial institutions to provide consumers and authorized third parties with access and portability options for their financial data. The CFPB’s final rule, called the “Personal Financial Data Rights Rule,” implements Section 1033 of Title X of the Dodd-Frank Act, a to-date
On Oct. 21, 2024, the OMB Office of Information and Regulatory Affairs (OIRA) concluded its regulatory review of the long-awaited Federal Acquisition Regulation Controlled Unclassified Information Rule (FAR CUI Rule), clearing the proposed rule’s path for publication in the Federal Register in 2024.
The FAR CUI Rule is being issued pursuant to Executive Order 13556
Greenberg Traurig Data Privacy & Cybersecurity Shareholders David Zetoony, Reena Bajowala, and Liz Harding will present the webinar “Navigating the First-in-the-nation Artificial Intelligence Act” on June 26 from 2:30 – 3:30 p.m. ET. The laws surrounding artificial intelligence are evolving quickly. While federal and state governments continue to consider various statutory proposals, Colorado
Some 18 months on from the failed American Data Privacy and Protection Act (ADPPA), there is another proposed federal privacy law. House and Senate committee leads released a new proposal for the bipartisan American Privacy Records Act (APRA) on April 7. There is a lot of discussion around this bill, which is subject to change
Since the Securities and Exchange Commission’s Cybersecurity Incident Disclosure Rule (SEC Rule) took effect Dec. 18, 2023, about a dozen companies have filed a Form 8-K reporting a material cybersecurity incident. This GT Alert discusses the trends on how companies have made these disclosures thus far. In short, the companies who have filed an 8-K
On April 17, 2023, the Washington State Legislature passed the “My Health My Data Act” (WMHMDA or the Act), which took effect for most companies March 31, 2024. Unlike other modern state privacy laws that purport to regulate any collection of “personal data,” WMHMDA confers privacy protections only upon “consumer health data.” This
On March 22, 2024, the centralized regulator of cyber and data security, the Cybersecurity Administration of China (CAC), published the Provisions on Promoting and Regulating the Cross-border Flow of Data (New Provisions), relaxing the existing requirements relating to cross-border data transfers. The New Provisions took immediate effect on March 22, 2024.
On 13 March 2024, the European Parliament adopted the AI Act. Since the EU Commission presented its first draft almost three years ago, the use of AI and general purpose AI models has increased significantly. Hence, the regulatory proposal was (and still is) the subject of hefty debate.